Play the game of credit to better meet your personal and

financial goals.

Credit Scoring & Wealth

the Game

Carl Spiteri 6333 Greenwich Dr. Suite 200

San Diego, CA 92122619-544-6444

carl@assetsanddebt.com

What is the GameObject

RulesKey Concepts

Next Step

Setting Up The Game2

Awareness of the Game3

What is a Credit Score?

• A 3-digit number used to evaluate the risk associated with you.

• The most widely used credit scores are FICO scores, which were developed by Fair Isaac and Company, Inc. back in the 1960’s.

• Your FICO score is Between 350 and 850.

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What does your score mean?

Score Odds

Above 800 1292 to 1

760 to 799 597 to 1

720 to 759 323 to 1

700 to 719 123 to 1

680 to 699 55 to 1

660 to 679 38 to 1

620 to 659 26 to 1

601 to 619 14 to 1

500 to 600 8 to 1

Below 500 Forget it!

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Statistical chance of you becoming 90 days late…

Key Concept6

Object of the Game7

– achieve the highest possible creditscore to minimize the overall cost of:

This is a Very Big Game8

*80% of Americans have one or more errors on their credit report.

*40% of Americans are paying a higher mortgage payment due to lower than necessary credit scores.

*25% of Americans have credit report problems that would prevent them from securing a loan or new employment.

*myfi

co.c

om

, **investe

d a

t 8%

net a

fter ta

x

Difference over 30 years in cost of same house:

$1,084,981.68**

Key Concept9

Key Concept12

The 22 Criteria Become 5 Rules

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Key Concept14

Fast Forward – First 80%

07/22/2008© Monarch Mortgage Company, Inc. – 2008 – All Rights

Reserved

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The Next Step…• Order Credit Reports and Scores- You

need to get a complete picture of where you are today.

• Verify the data being reported- it is your responsibility to verify the accuracy of the data on your report.

• Dispute any inaccurate information- contact the creditors and the bureaus to have errors on your report corrected.

• Develop a monitoring schedule going forward- guarantee your success!

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Resources• Opt Out- www.optoutprescreen.com• Do not Call- 888-382-1222• www.myfico.com• www.annualcreditreport.com• Equifax- 800-525-6285• Experian 888-397-3742• Trans union 800-680-7289

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